SOS Limited - NEWS

SOS Announces Completion of Phase I of Leibodong Mine and Receipt of 575 ETH Mining Rigs

QINGDAO, China, May 7, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that the first phase of the Leibodong Mine has been completed and 575 sets of ETH cryptocurrency mining rigs have been delivered.

View details>> May 07, 2021

SOS Ltd. Announces Fiscal Year 2020 Financial Results

QINGDAO, China, May 5, 2021 -- SOS Limited (NYSE: SOS) (the “Company” or “SOS” formerly China Rapid Finance), announced today its audited financial results for the full year ended December 31, 2020.

View details>> May 05, 2021

SOS Enters into a Purchase Agreement for 575 Cryptocurrency Mining Rigs.

QINGDAO, China, April 20, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that the company has entered into an agreement to purchase 575 cryptocurrency ETH mining rigs. Under the terms of the agreement, the Company is expected to obtain approximately 400 GH of ETH hash rate. The mining rigs are expected to be delivered on or about April 30, 2021.

View details>> April 20, 2021

SOS Announces Receipt of the Third Batch of Crypto Mining Rigs and First Quarter Mining Results

QINGDAO, China, April 14, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced the receipt of the previousely announced, third batch of 5464 cryptocurrency mining rigs.

View details>> April 14, 2021

SOS Ltd. Enters into a Non-Binding Letter of Intent to Acquire the Majority Equity Interest of Three US-based Power Plants Aiming to Expand its Crypto-mining Operations into North America

QINGDAO, China, April 12, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") an emerging blockchain-based and big data-driven marketing solution provider, announced today that SOS Information Technology New York, Inc., a wholly owned subsidiary of the Company, has entered into a non-binding letter of intent (“LOI”) to acquire the majority of the equity interests of each of three US-based power plants for its planned crypto-mining operations in North America.

View details>> April 12, 2021

SOS Ltd. Announces Pricing of $125.0 Million Registered Direct Offering

QINGDAO, China, March 30, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS"), an emerging blockchain-based and big data-driven marketing solution provider, announced today that it has entered into a securities purchase agreement with certain accredited investors to purchase $125,000,000 worth of its American Depositary Shares (“ADS”) and warrants in a registered direct offering.

View details>> March 30, 2021

SOS Announces Entry into a Joint Venture Agreement with Ronghe’s Affiliate Aiming to Establish a Supercomputing Center in Qingdao

QINGDAO, China, March 29, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that its wholly-owned subsidiary SOS Information Technology Co., Ltd. has entered into a joint venture agreement with Qingdao Ronghe Finance Holding Group Co., Ltd. (“Ronghe Finance”) to form a new joint venture, SOS Ronghe Digital Technology Co., Ltd. (“SOS Ronghe”). SOS Ronghe Digital Technology Co., Ltd received its business license on March 27, 2021

View details>> March 29, 2021

SOS Takes Initial Steps to Establish a Digital Asset Exchange

QINGDAO, China, March 24, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the “Company” or “SOS”) announced today that it has taken preliminary steps to establish a digital asset exchange. Specifically, the Company entered into a tailor-made license to use a blockchain asset exchange software system made by a third party in exchange for a one-time licensing fee.

View details>> March 24, 2021

SOS Installs Second Batch of 5,000 Cryptocurrency Miners and Gives First Quarter Mining Projections

QINGDAO, China, March 15, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the “Company” or “SOS”) announced today that it has successfully installed its second fleet of 5,000 cryptocurrency mining rigs. Together with its prior fleet of 5,000 mining rigs, the Company expects the combined fleet to have the capacity to calculate an average of 353 Peta-Hashes per second (PH/s) for mining Bitcoin and 707 Giga-Hashes per second (GH/s) for mining Ether (ETH). These hash rates are subject to numerous factors, including down time for maintenance, reconfiguration and other variable factors that may materially impact computing performance in the future.

View details>> March 15, 2021

SOS Responds to Frequently Asked Questions from its Shareholders

QINGDAO, China, March 9, 2021 -- SOS Limited, a corporation organized under the laws of the Cayman Islands (NYSE: SOS) (the “Company,” “we,” “us” or “SOS”) issued responses to frequently asked shareholder inquiries today. These responses were issued in an effort to facilitate communications with its shareholders and improve investor relations. The questions and answers appear below.

View details>> March 09, 2021

SOS Limited Responds to Misleading “Short and Distort” Allegations

QINGDAO, China, March 1, 2021 -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") was recently attacked by short sellers with distorted, misleading, and unsubstantiated claims regarding the Company. The Company also believes certain social media accounts of some Company board members may have been impersonated or disabled for short periods of time. The Company believes these attacks were purposefully designed to manipulate the price of the Company’s shares, with the aim of causing a stock price decline in order to economically benefit the short sellers, to the detriment of the Company’s public shareholders.

View details>> March 01, 2021

SOS Kicks off Constructions of Hash Power Plant in Hejiang County, Luzhou, Sichuan(Cloud Crypto Mining Center)

QINGDAO, China, Feb. 25, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that it entered into a definitive agreement with Leibodong Hydropower Station(“Leibodong”) in Hejiang County, Luzhou, Sichuan. Pursuant to the definitive agreement, Leibodong will supply SOS with electricity and physical space to house crypto mining rigs for a term of three years in order for SOS to operate its own cloud crypto mining and big data center.

View details>> February 25, 2021

SOS Limited Announces Exercise of Warrants for Approximately $96.7 Million in Gross Proceeds

QINGDAO, China, February 25, 2021 – SOS Limited (NYSE: SOS) (the "Company" or "SOS") today announced the agreement by several accredited investors to exercise certain warrants to purchase up to an aggregate of 23,880,000 of its American Depositary Shares (“ADSs”) issued by the company on February 10, 2021, at an exercise price of $4.05.

View details>> February 25, 2021

SOS Announces that Receipt of the Second Batch of 5000 Pieces of Crypto Mining Rigs

QINGDAO, China, Feb. 24, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today the receipt of the second batch of 5000 PCS of crypto mining rigs.

View details>> February 24, 2021

SOS Announces that the First Batch of 5000 Pieces of Crypto Mining Rigs Gone Live Today

QINGDAO, China, Feb. 23, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that the 5000 PCS of crypto mining rigs, which were the first batch of delivery received on February 9, 2021, have gone live today.

View details>> February 23, 2021

SOS Ltd. Announces Pricing of $86.0 Million Registered Direct Offering Priced At-The-Market

QINGDAO, China, February 18, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS"), an emerging blockchain-based and big data-driven marketing solution provider announced today that it has entered into a securities purchase agreement with certain accredited investors to purchase $86,000,000 worth of its American Depositary Shares (“ADS”) and warrants in a registered direct offering priced at-the-market under the NYSE rules.

View details>> February 18, 2021

CORRECTION: Press Release: SOS Ltd. Announces Pricing of $110.0 Million Registered Direct Offering Priced At-The-Market

QINGDAO, China, February 11, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS"), a high-tech company providing a wide range of data mining and marketing analysis services to its corporate and individual members in China, announced today that it has entered into a securities purchase agreement with certain accredited investors to purchase $110,000,000 worth of its American Depositary Shares (“ADS”) and warrants in a registered direct offering priced at-the-market under NYSE rules.

View details>> February 12, 2021

SOS Announces Receipt of 5000 PCS of Mining Rigs Ahead of Schedule

QINGDAO, China, Feb. 9, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that it has received 5000 PCS of mining rigs ahead of schedule on Feb. 9, 2021, five days earlier than the delivery date set by the purchase agreement with the seller.

View details>> February 09, 2021

SOS Ltd. Enters Framework Agreement with Leibodong Hydropower Station in Hejiang , Luzhou City, Sichuan，to Secure Cheap and Renewable Electricity for its Cloud Crypto Mining Center

QINGDAO, China, Feb. 5, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that it has entered the framework agreement with Leibodong Hydropower Station (“Leibodong”) in Hejiang, Luzhou, Sichuan Province, where hydropower resources are much richer and electricity prices much lower than the rest part of China. Pursuant to the agreement, Leibodong will supply S

View details>> February 05, 2021

SOS Announces Development of Cutting-edge Series of Security Systems Based on Blockchain and AI Technology Competing the Initial Phase of its Blockchain Strategy

QINGDAO, China, Jan. 29, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that it has completed the initial steps of the execution of its blockchain strategy, and successfully developed cutting-edge firewall system, personal biological information storage system, and antivirus system all of which are based on blockchain and AI. Copyright of these software systems have been registered with the PRC Copyright Protection Center.

View details>> January 29, 2021

Headquarters of SOS Information Technology Co., Ltd successfully landed in Qingdao West Coast New District to show strong data marketing capabilities

On January 22, 2021, the official landing ceremony of the headquarters of SOS Information Technology Co., Ltd, was held in Qingdao West Coast New District. The presence of SOS will further promote the development of information technology industry in Qingdao West Coast New District and inject strong vitality into the development of technology industry in the new district. At the opening meeting, we vigorously launched the Huimin insurance business, launched inclusive medical insurance, built a multi-level social security health system, and innovated the medical health management mode through commercial and market-oriented operation to enhance the people's livelihood and well-being of the new district.

View details>> January 22, 2021

SOS Ltd. Enters into the Purchase Agreement to Acquire 15645 Mining Rigs, BTC Hash Power 527P, ETH Hash Power 1056G

QINGDAO, China, Jan. 21, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today it has entered into a purchase agreement to procure 14238 BTC mining rigs with BTC Hash Power of approximately 527P, as well as 1408 ETH mining rigs with Hash Power of approximately 1056G as part of SOS’ plan to execute its strategic plan of cloud cryptocurrency mining in pursuit of the rising cryptocurrency prices.

View details>> January 21, 2021

SOS Ltd. Enters into Non-Binding Letter of Intent to Acquire a Cryptocurrency Technology Provider based in Canada

QINGDAO, China, Jan. 19, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today it has entered into a non-binding letter of intent to acquire FXK Tech Corporation(“FXK”), a Canadian-based company, specializing in the blockchain technology consulting and operations and support for cryptocurrency exchanges and cloud crypto algorithmic power exchanges, to further extend SOS ecosystem of blockchain and cryptocurrencies, as well as to expand its operations to North America.

View details>> January 19, 2021

SOS Limited Announces Exercise of Warrants for $26.6 Million Gross Proceeds

QINGDAO, China, January 15, 2021 – SOS Limited (NYSE: SOS) (the "Company" or "SOS") today announced the agreement by several accredited investors to exercise certain warrants to purchase up to an aggregate of 16,125,000 of its American Depositary Shares (“ADSs”) issued by the company on December 22, 2020, at an exercise price of $1.55, and January 7, 2021, at an exercise price of $1.85 per ADS, respectively.

View details>> January 15, 2021

SOS Ltd. Announces its Aspiring Crypto Mining Strategy and Plan

QINGDAO, China, Jan. 13, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") today announced its crypto mining plan. SOS plans to invest heavily in the crypto mining business to take advantage of the growing investors’ realization of the values and potentials of the crypto assets.

View details>> January 13, 2021

SOS Ltd. Announces Pricing of Approximately $25.0 Million Registered Direct Offering

QINGDAO, China, Jan. 8, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS"), a high-tech company providing a wide range of data mining and marketing analysis services to its corporate and individual members in China, announced today that it has entered into a securities purchase agreement with certain accredited investors to purchase $25,021,250 worth of its American Depositary Shares (“ADS”) and warrants in a registered direct offering.

View details>> January 08, 2021

Dr. Huazhong (Eric) Yan A Renowned Cryptocurrencies Security Expert Joins SOS to Spearhead SOSs Effort to Expand into Digital Assets Security Industry

QINGDAO, China, January 6, 2021/PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that SOS has entered into employment agreement with Dr. Eric H. Yan, an expert in cryptocurrency mining, security and insurance technologies. Dr. Yan is expected to utilize his cryptocurrency mining, protection

View details>> January 06, 2021

SOS Ltd. Announces Partnering with Zhonglu P&C Insurance

QINGDAO, China, Dec. 29, 2020 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that it entered into a strategic cooperation agreement with Zhonglu Property And Casualty Insurance Co, Ltd ("Zhonglu ") to cooperate in the area of big data precision marketing, insurance product promotion and big data intelligent analysis.

View details>> December 30, 2020

SOS Ltd. Announces Estimated Fiscal Year 2020 Financial Results

QINGDAO, China, December 21, 2020 -- SOS Limited (NYSE: SOS) (the “Company” or “SOS”),. a high-tech company providing a wide range of data mining and marketing analysis services to its corporate and individual members in China announced today its preliminary estimates of certain financial results for its full fiscal year of 2020 ending December 31, 2020, and business outlook for the fiscal year of 2021.

View details>> December 22, 2020

SOS Ltd. Announces Strategic Cooperation Agreement with Qingdao West Coast Healthcare Development Group

QINGDAO, China, December 15, 2020 -- SOS Limited (NYSE: SOS) (the “Company” or “SOS”) announced today that it entered into a strategic cooperation agreement with Qingdao West Coast Healthcare Development Group Co., Ltd (“Qingdao Healthcare”) to cooperate in the area of health management, virtual healthcare, circulation of drugs and medical devices, senior care, and commercial insurance.

View details>> December 17, 2020

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The booming SOS company is located on the west coast of Qingdao

According to the Agreement, Yongbao Science & Tech Group Co. will invest in Qingdao a Financial Data Processing headquarter, and relocated SOS company from Guizhou Province into Qingdao Free Zone

View details>> July 31, 2020

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